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3140 Executive Way, Miramar...

Convey Health Solutions Leases Office Space In Miramar From Sunbeam Properties
LEASEDOffice

Convey Health Solutions Leases Office Space In Miramar From Sunbeam Properties

3140 Executive Way, Miramar, FL, 33...

Building Size

47,819 SF

Asset Type

Office

Closing

Nov 26, 2018

AI

The property involved in the transaction is an office and flex building located at 3140 Executive Way in Miramar, FL. The asset spans 71,000 square feet, with Convey Health Solutions leasing 47,819 square feet within the building. The landlord, Sunbeam Properties, facilitated the lease agreement signed on 11/26/2018.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Tenant's Rep: Ryan Nunes (JLL)
  • Landlord: Sunbeam Properties
  • Square Feet: 47,819

Convey Health Solutions, a health insurance provider, is relocating to the office and flex building at 3140 Executive Way in Miramar, FL. The lease is part of Sunbeam Properties’ Miramar Park of Commerce and is custom-built to suit the needs of the tenant. The space is expected to be completed by March.

Players

Ryan Nunes

JLL

Broker

4 deals

Broker
SP
Sunbeam PropertiesLandlord

Miramar Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93